The Federal Democratic Republic of Ethiopia: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 122

Publication date: May 2006

ISBN: 9781451812770

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , GDP , MDG Synthesis Report , financing , excess reserves , MDG scenario , debt service , expenditure composition , debt management , factor cost , balance of payments , financing needs , financing path , Domestic debt , Public investment spending , Infrastructure , East Africa , Africa , Sub-Saharan Africa

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Summary

This Selected Issues paper on The Federal Democratic Republic of Ethiopia highlights that accelerating private sector development is the key to increasing and sustaining growth, and providing employment opportunities to raise incomes. Private sector development remains in its infancy, reflecting the slow transition to a market economy, and the contribution of industry to GDP has not changed significantly. The World Bank has identified some key areas to improve the investment climate, which include deeper financial sector reform and acceleration of the privatization program.